The Iranian government has directed the Oil Ministry to issue 8 billion euros in bonds to finance oil and gas projects in the country.

The directive is part of President Mahmoud Ahmadinejad’s budget bill
submitted to the Iranian Parliament (Majlis) on January 24 for the
upcoming Iranian year (beginning March 21).

The bill is awaiting an affirmative vote in the Majlis, the ILNA news agency reported.

Iran, the world’s fourth-largest oil producer, is seeking to draw
international investments in pressing forward with its energy projects.

Issuance of the bonds is contingent upon the authorization of the Central Bank of Iran.

Source: PressTV

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